Firm Entry and Exit and Aggregate Growth

Interdependencies in the Dynamics of Firm Entry and Exit

Kristina Nyström Jönköping International Business School P.O. Box 1026 SE-551 11 Jönköping Sweden E-mail: [email protected] (Competing for the young economist award) Abstract: This paper investigates the dynamics of firm entry and exit with a focus on differences between industrial sectors. The paper discusses how entry rates in industrial sectors are affected by previous exit and ent...

Entry, Exit, and Aggregate Productivity Growth: Micro Evidence on Korean Manufacturing

98663 Document complet disponible sur OLIS dans son format d'origine Complete document available on OLIS in its original format ECO/WKP(2000)45 2 ABSTRACT/RÉSUMÉ Using plant level panel data on Korean manufacturing during the 1990-98 period, this study tries to assess the role of entry and exit in enhancing aggregate productivity, both qualitatively and quantitatively. The main findings of this...

Entry and Exit Echoes∗

While aggregate data do not show the investment echoes predicted by vintage-capital models, echoes arise in rates of entry and exit of firms at the industry level. Moreover, industries where prices decline rapidly experience early ‘shakeouts’. The relation emerges naturally in a vintage-capital model in which exit of firms sometimes accompanies the replacement of their capital, and in which a s...

Entry, Exit, and Economic Growth: U.S. Regional Evidence

Tax Policy and Firm Entry and Exit Dynamics: Evidence from OECD Countries

In this paper we study the effects of reforms to corporate and personal income taxation on the rate of firm entry and exit using industry data for 19 OECD countries from 1998 to 2005. Using a difference-in-differences approach to correct for endogeneity bias we find that increases in corporate taxation affect entry but not exit. This drop in entry is statistically and economically significant, ...